Oct 3, 2012 4:30pm PDT
happy than a healthy job market. from recent college grads to president obama, their future might look more certain if companies really ramped up hiring. economists say there's too much uncertainty on the horizon for that to happen any time soon. the good news is that firms have stopped cutting jobs. the bad news is they're still too nervous to hire more than a handful of new workers. friday, economists predict the september employment report will show a modest 113,000 new positions were added, barely better than august. still, some believe current data underestimates what's really happening with hiring. >> the perception of the labor market is probably more like a world where we're adding 150,000 jobs a month, which isn't good, but certainly better than the numbers are printing which is only around 100,000 or so. >> reporter: anecdotal evidence supports that assessment too. this new york staffing firm primarily places workers in administrative jobs, and says it's finding the market surprisingly strong. today, good candidates are quickly turning temporary positions into full time jobs.
Oct 2, 2012 4:30pm PDT
&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, both mitt romney and barack obama want to put more americans back to work. but is job training the right answer? we'll take a look. >> tomsix months before e credit crunch hit full force, j.p. morgan bought failing investment bank bear stearns. that was in 2007. now, j.p. morgan faces a lawsuit, claiming it inherited massive fraud on the part of the company it purchased. the civil lawsuit alleges systemic fraud with the packaging and sale of mortgage- backed securities by bear stearns before it was taken over by j.p. morgan. the bank says it intends to fight the case. eric schneiderman is the attorney general of new york. >> eric, you represent the people of new york state. what did your citizens lose in the deals thaw are accused of being fraudulent? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt